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National Fuel Gas (NFG) to Post Q1 Earnings: What to Expect

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National Fuel Gas Company (NFG - Free Report) is scheduled to release first-quarter fiscal 2020 earnings on Jan 31. This natural gas distribution company delivered a positive earnings surprise of 1.89% in the last reported quarter.

Factors to Consider

National Fuel Gas’ first-quarter fiscal 2020 earnings are likely to have benefited from ongoing cost-management initiatives and long-term firm transportation commitments.

The company expects production to decline moderately on a sequential basis due to new pads brought online during the quarter.

The Zacks Consensus Estimate for total gas production for the to-be-reported quarter is 56,486 million cubic feet (MMcf), indicating an increase from the year-ago reported figure of 49,239 MMcf.

The Zacks Consensus Estimate for first-quarter fiscal 2020 earnings per share and total revenues is pegged at 96 cents and $525 million, respectively.

What Our Quantitative Model Predicts

Our proven model does not conclusively predict an earnings beat for National Fuel Gas this time around. A stock needs to have both a positive Earnings ESP (which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate), and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. That is not the case here as you will see below.

National Fuel Gas Company Price and EPS Surprise

National Fuel Gas Company Price and EPS Surprise

National Fuel Gas Company price-eps-surprise | National Fuel Gas Company Quote

Earnings ESP: The company’s Earnings ESP is -0.18%.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Currently, National Fuel Gas carries a Zacks Rank #3.

Stocks to Consider

Here are some companies from the same sector that have the right combination of elements to deliver a positive earnings surprise in the upcoming releases:

PPL Corporation (PPL - Free Report) is slated to release fourth-quarter 2019 earnings on Feb 13. It has an Earnings ESP of +0.31% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Spire Inc. (SR - Free Report) is set to release first-quarter fiscal 2020 earnings on Feb 5. It has an Earnings ESP of +1.09% and a Zacks Rank #2.

CenterPoint Energy Inc. (CNP - Free Report) is scheduled to release fourth-quarter 2019 earnings on Feb 27. It has an Earnings ESP of +1.09% and a Zacks Rank #3.

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